Lance Breitstein is one of the most successful short-term proprietary traders in the trading world.
I’m looking forward to reading his section in the new Market Wizards book.
He started at Trillium Trading in 2011, a firm known for blending discretionary trading with advanced technology and automated strategies. Over time, Lance became known for a very specific style: higher-time-frame mean reversion, shorting overextended stocks, and buying capitulation moves when fear gets extreme.
Some people criticize him because he stepped away after 2021, following two exceptional trading years. I’ve never really understood that criticism. Trading at that level is incredibly difficult, and knowing when to step back is one of the most underrated skills in the game.
After Trillium, Lance became much more public. He started sharing more on X, YouTube, podcasts, and eventually through education. He also became an advisor at SMB Capital, where he helped traders, including myself, think through process, risk, review, and adapting after the post-Covid market shift.
The thing that stands out about Lance is not just the P&L. It’s the way he talks about trading.
He is obsessed with process.
He studies his best trades.
He reviews his worst trades.
He understands market context.
He knows exactly what types of setups fit his personality.
He is the Bryan Johnson of trading.
That is what most struggling traders miss.
They chase alerts, setups, and hot names. Lance’s edge comes from knowing what he does best and waiting for those moments.
I also have a personal appreciation for his style. When I was struggling as a trader, which was many years in the making, one of the things that helped me turn the corner was learning to focus on bigger reversal trades.
That is Lance’s bread and butter: finding situations where a stock has pushed too far, sentiment is stretched, and the risk/reward finally starts to make sense.
Lance is as legit as they come. His results are verified, his background is real, and his impact on other traders is obvious.
What I appreciate most about Lance is that he makes trading feel less random.
Not easier. Not simple. Not guaranteed.
Just more intentional.
He’s a reminder that the best traders usually aren’t the ones chasing the most ideas. They’re the ones who know exactly what they’re looking for, understand when the environment supports it, and have the discipline to wait until the trade is actually there.
That’s what I’ve tried to take from him.
Not his exact strategy. Not his exact entries. Not some copy-and-paste version of his process.
More the mindset: know your lane, study it obsessively, and stop trying to be good at everything.
And that’s also why a tool like TradingSim fits this style of development so well.
Lance has talked a lot about process tools: recording sessions, reviewing trades, building playbooks, writing report cards, and getting more reps. He has also mentioned TradingSim, which makes sense. Replaying historical markets is exactly the kind of deliberate practice that helps traders study setups without risking real money.
TradingSim is not about alerts or copying someone else’s trades. It’s about getting more reps, replaying past markets, practicing execution, and building pattern recognition before real money is on the line.
If you’re trying to build a more intentional trading process, it’s worth checking out.
SaveOnTrading readers can get 30% off TradingSim monthly plans with code SOTMON.